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  • 标题:CHOOSING AN EXCHANGE RATE REGIME
  • 本地全文:下载
  • 作者:Dilek ÖZBEK
  • 期刊名称:Ekonomik Yaklasim
  • 印刷版ISSN:1300-1868
  • 出版年度:1998
  • 卷号:9
  • 期号:29
  • 页码:17-36
  • DOI:10.5455/ey.10285
  • 语种:Turkish
  • 出版社:International Medical Journal Management and Indexing System
  • 摘要:August 1971 marked the end of fixed exchange rates and convertible currencies. Although exchange rates since 1973 are described as a floating system, central banks often intervene to obtain desirable exchange rates. Some countries let their currencies to float freely, while others maintain a fixed value (peg) relative to a single currency and others peg to a basket of currencies. Opinion is mixed on the desirability of floating or fixed exchange rates: Countries choose fixed or floating exchange rates depending upon several factors In summary, an exchange regime is to be preferred to anather if . More policy instruments are available . These instruments have more powerful effects on the target variables . There is greater certainty attaching to the effects of each instrument.
  • 关键词:na
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